TrueContext Mobile Solutions Corporation
TSX VENTURE : TMN

October 31, 2011 11:38 ET

TrueContext Surpasses 10,000 Paying Subscribers

OTTAWA, ONTARIO--(Marketwire - Oct. 31, 2011) - TrueContext Mobile Solutions Corporation (TSX VENTURE:TMN) ("TrueContext" or "the Company"), a mobile data solutions company today announced that it has achieved the milestone of activating over 10,000 paying subscribers.

"The activation of 10,000 paying subscribers from over 1200 customers is an important milestone for TrueContext and has mostly been achieved with the momentum gained so far in 2011 with our operator channel partners. The customer base acquired to date plus the continuing acquisition rate provides an excellent foundation for us to drive widespread adoption of our product ProntoForms™ with existing and new customers," said Alvaro Pombo, Chief Executive Officer, TrueContext.

Mr. Pombo added "We have developed a solid go to market platform with our operator partners, and we are leveraging this foundation to accelerate launching carriers in other countries. Recent product releases have increased ProntoForms' functionality and ease-of-use. Overall we are making it easier and faster for businesses to subscribe to our product. Our business objectives are clear; we're building a product, reseller partnerships and business process to meet our next target of 100,000 subscribers."

ABOUT PRONTOFORMS™ AND TRUECONTEXT

ProntoForms, by TrueContext, revolutionizes how mobile workers & managers communicate and report, improving business productivity and efficiency.

With the recent widespread availability of smartphones and tablet devices, digital mobile form submission is now a business reality - eliminating the costly, slow and error prone paper form business process.

Why is ProntoForms unique as a mobile forms solution?

  • Your business forms gone mobile, no changes to your process

  • Portal reports, real time business information from the field

  • Works on your favorite mobile device – iPhone &iPad, Blackberry, Android, Windows Mobile & HP webOS.

TrueContext is traded on the TSXV under the symbol TMN. TrueContext has a powerful and proprietary patent portfolio, from which ProntoForms mobile app and Web reporting portal are developed. ProntoFroms is the trademark of TrueContext Corporation, a wholly-owned subsidiary of TrueContext.

Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • TrueContext Mobile Solutions Corporation
    Alvaro Pombo
    Chief Executive Officer
    613.599.8288 ext. 1111
    apombo@truecontext.com